Data released by the Federal Reserve last week showed that customers at the 25 largest U.S. banks withdrew a total of $114.1 billion for the week ended January 9th. The decline was the largest weekly drop since the terror attacks of 9/11. The ending of the Federal Deposit Insurance Corp.'s Transaction Account Guarantee program could be responsible for a large portion of the withdrawals.

"We knew that fund managers would re-evaluate where they want to keep their money -- in a non-interest bearing account, another account at the bank or in other investments," ABA's chief economist, James Chessen, said in a recent phone interview. "If it continues there will be reason to be concerned."

Research Driven Investing releases regular market updates on the Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

Goldman Sachs reported a fourth quarter profit of $2.89 billion, or $5.60 a share, easily topping analysts' estimates of $3.66 per share. "While economic conditions remained challenging for much of last year, the strengths of our business model and client franchise, coupled with our focus on disciplined management, delivered solid performance for our shareholders," said Lloyd C. Blankfein, Chairman and CEO. "The firm's strategic position provides a solid basis on which to grow and generate superior returns."

JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. For the full year 2012 the company reported record net income of $21.3 billion, compared with $19 billion for the prior year. This has been the third consecutive year JPMorgan has reported a record net income.

Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.rdinvesting.com/disclaimer

With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions n...

The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructur...

When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mis...

Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performa...

As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more...